Building Blocks or Stumbling Blocks? Regional Cooperation Arrangements in Southeast Asia
This paper examines the inter-relationships between subregionalism, regionalism, and multilateralism using the Greater Mekong Subregion (GMS) and the ASEAN Free Trade Area (AFTA) as case studies.
In particular, the paper looks at whether subregionalism or regionalism can assist a country in moving towards multilateralism. It finds that as a program based on market rather than institutional integration, the GMS is promoting regionalism without hampering multilateralism. With regard to AFTA, if members pursue open regionalism and offer their trade and other preferences to nonmembers on a nondiscriminatory basis, then this is consistent with the objectives of multilateralism.
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The views expressed in this paper are the views of the authors and do not necessarily reflect the views or policies of the Asian Development Bank Institute (ADBI), the Asian Development Bank (ADB), its Board of Directors, or the governments they represent. ADBI does not guarantee the accuracy of the data included in this paper and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be consistent with ADB official terms.
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